What Is SR-22 Insurance and Do You Need It?

In actuality, there is no SR-22 insurance. What this refers to is a document from your insurance provider that is required by the state in order to be able to drive legally when your driver’s license has been reinstated after it was suspended or revoked for moving violations, such as driving without insurance or DUI. If you are notified that you must have an SR-22 filed, it will likely mean an increase in your insurance premium. The state will determine for how long you must have the SR-22 with your insurance coverage.

There are only eight states in the country that do not require an SR-22 form. These are Delaware, Minnesota, Kentucky, New York, New Mexico, North Carolina, Pennsylvania and Oklahoma.

Who must have an SR-22 form?

The SR-22 form is often required once you reinstate your driver’s license after it has been revoked or suspended for certain traffic violations. These include driving without insurance or driving under the influence (DUI or DWI). You will be notified by the state if you must file this form.

Why do I need this form?

The SR-22 form is an agreement between your insurance company and the state that requires the insurer to notify the state if your coverage ends for any reason. If that happens, then your license will be suspended once again. Because of this, it is very important that you do not miss a premium payment. By having this form, you are granted the privilege to drive again so long as you maintain your financial responsibility.

What is the cost of an SR-22?

Undoubtedly, you have already had to pay several fees associated with your license. There are reinstatement fees and surcharges. You might have had to pay any tickets for moving or parking violations. These types of violations and suspensions will cause insurance companies to view you as a high-risk driver, which means an increase in your monthly premiums. The form itself does not cost money, but rather the costs associated with reinstating your license and the rise in insurance payments.

How long do I need to have the form?

Most states require drivers to provide an SR-22 form for a period of one to three years. There are some states, however, that require a driver to have the form for up to five years. Each state sets its own time limit for the SR-22. If you allow your insurance coverage to lapse during this time period, then you may be required to start all over again. That will mean a longer time spent with higher premiums.

How do I get an SR-22 form?

If you are currently insured, you will need to contact your insurance provider and request that they send you the form. You will have to send this form into the state licensing agency. If you are not insured, you will need to shop around for a new policy and notify the company that you need to have the SR-22 form. It is easy to shop online for a new policy and get quotes from multiple companies. This could help you save money on your premiums.

Once you have paid your premium, the insurance company will send the SR-22 form to you along with your insurance cards. Some states may also require that the form be sent directly from the insurer.

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